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KeithAndersonIII
Jan 2, 2017 10:11 PM

USDCAD Long trade 1/3 Long

U.S. DOLLAR / CANADIAN DOLLARICE

Description

Monthly, weekly, and daily all show a clear bullish sentiment. Daily has come back above this upward trend line and come back down to retest it as support right around the 0.382 fib level and the 20/50 EMAs. I did notice bearish MACD divergence on the daily but considering other factors I will still take this trade for a quick 1:1 play with my profit target set just below the most recent swing high. Unclear DXY
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